A new poll by Reuters as published on Business News Network has found that Canadian home prices will rise slightly over 5 per cent in the remainder of 2015 and a further 2 per cent in 2016, even with an economic slowdown.
The poll was conducted with over 20 analysts, who predicted a 5.2 per cent increase despite the forecast of 3.4 per cent in June. The predictions for 2016 and 2017 have also been changed to reflect a further increase, up to 2 per cent and 2.3 per cent from 1.3 per cent and 1.7 per cent.
Home building in Canada is also predicted to remain steady with an average of 180,000 starts over next year.
Do you think home prices in Canada will continue to rise?